Re: Update: 1023, bank account etc...

Josh,

> Just a quick update for everyone. I received confirmation last Friday
> that our excellent attorney's at DWT (http://www.dwt.com/) had filed
> our 1023 with the IRS. I will work on getting that up on the website
> shortly. Apparently the IRS still requires the 1023 to be filed via
> dead trees; the document is large and will need to be scanned.

IRS fun & games! Thank you for keeping us informed about what's going on.

> We have finalized our banking situation. Our bank is
> http://www.sterlingsavingsbank.com/ . This bank was originally chosen
> because it is the only bank that has branches where I live and in
> Portland. There services are on par with larger banks without being a
> huge (such as BoFA) bank (they are not small).

They also have branches in San Francisco, and New York. However, a more
critical issue is what online and phone services do they offer?

> We have also setup accounts with PayPal and Google Checkout. This is a
> temporary measure while the corporation builds a financial history. I
> hope to have us set up with a real merchant account shortly after the
> annual meeting.

Ah, not real happy with PaySimple, I take it?

--Josh Berkus